Active

104 Days on market

204 Spencer Ave #6 Chelsea — Photo 1 of 41

Recent Drop: $35,000

$585,000

$550,000

Investment Analysis — 204 Spencer Ave #6

Chelsea, MA 02150

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 02150 carries an estimated $2,630/mo in gross rent — about a 2.79% cap rate and $15,351/yr in estimated NOI at the $550,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

1,254

Style

Condominium

Built

1900

Ask about $25K in Grants!! 2 bed/2 bath +loft in CONVERTED CHURCH! *** Soaring ceilings *** Massive windows that let the sun pour in! Hardwoods, parking, a private deck, Washer/dryer & central A/C. The kitchen features a marble waterfall edge island, slow close doors/drawers. Moen Align single-handle pull-down kitchen faucet, tiled backsplash. Stainless steel kitchen appliances a 36” width full-depth French door with water/ice dispenser, a 30” width 5-Burner gas slide-In convection range, a top hidden control dishwasher with S/S tub & microwave. The master bath features Virtu Zuri wall-mounted sinks with slow close drawers, 12” x 24” Marazzi Porcelain tile floors, , the Grohe Concetto Shower System with rain head handheld & Grohe Eurostyle Cosmopolitan tub fixtures, Niagara Ultra-High Efficiency Toilets and a Monte Carlo 56” minimalist ceiling fan. Built in sliding ladder system allowing for easy access to the 2nd level which can be made into a bonus room or great for storage.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.